BoE to reduce frequency of stress tests on major UK banks
Large-scale exercise will now be conducted every other year instead of every year
The Bank of England on November 29 announced it would conduct its large-scale exercise on the UK banking system every other year instead of every year, beginning in 2025.
Renamed the “bank capital stress test”, the comprehensive exercise will continue to feature the major UK banks, with the same aim of examining cyclical risks in the banking system. Results of the exercise will be used to inform the BoE about the appropriate level of capital buffers for banks.
The previous version, called the
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